1. Unit 4 Review

2. Unit 4 Review Corporations – Post Civil War – limited liability
Monopolies –
Eliminate competition
Sherman Anti-trust Act –
1st attempt, ineffective
Interstate Commerce Act –
Limit power of railroads to set rates

3. Unit 4 Review Laissez Faire – No govt. interference in business
Social Darwinism –
Survival of fittest in business
Gilded Age –
A few enjoy great wealth, many are poor
Mass Production & Assembly Line –
Ford

4. Unit 4 Review Robber Barons vs. Captains of Industry –
Positive and negative views of business leaders
Free Enterprise System –
Businesses compete, succeed & fail
Rural to Urban population movement –
Migration, agricultural to industrial
Rockefeller, Carnegie, Morgan –
Capitalists, used cutthroat tactics

5. Unit 4 Review Philanthropists – Gave away money, libraries
Knights of Labor –
Skilled & unskilled labor – failed
American Federation of Labor –
Skilled only – succeeded
Samuel Gompers –
Leader of AFL
Strikes –
Early ones were violent & unsuccessful